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South Korea's department stores reduce VIP benefits
South Korea's department stores reduce VIP benefits
Analysts said VIP customers surged amidst a spike in luxury consumption.
Weekly News Wrap: As travel resumes, China’s luxury shoppers stay local; Challenging outlook for Hong Kong’s retail sector
And Apple begins hiring retail store staff in India.
L’Oréal invests in micro-printing startup
The company developed the L’Oreal Brow Magic with Prinker Korea.
Around 3 in 5 Malaysian e-commerce sellers optimistic for 2023
Sellers in the health and beauty category are the most optimistic.
Inflation, population woes could melt South Korea’s ice cream market
The market is projected to decline by 5.8% annually until 2026.
Retail industry to face uncertainties in 2023: analyst
Easing economic growth and tax hikes will affect retail transactions.
South Korea’s make-up market to surge by 5.5%
This will be driven by product innovation and rising online sales.
Higher spending bodes well for Thailand’s retail sector: report
Improvement in economic activity has boosted consumer confidence.
Weekly News Wrap: Most Chinese shoppers still cautious of going out; Singaporeans hit the malls before sales tax hike
And China pledges to step up financial support to the catering sector.
Alibaba names Wu Zeming as CTO in management reshuffle
He succeeded Li Cheng in the post immediately.
Hong Kong retail market momentum depends on full border reopening
Retail sales for the first nine months slightly dipped by 1.3% YoY.
Online shoppers in India to grow up to 450 million by 2027
Currently, there are 200 million to 230 million.
Malaysia outperforms business expectations in past 12 months: Shopee
More than 145,ooo stores achieved a 25% growth in sales.
Social commerce could add up to $42b to Southeast Asia’s e-commerce market
Social platforms will particular contribute $34b in 2022.
Nearly 45% of consumers shop online for cheaper options
This was driven by uncertainties in the current economic condition.
Australian make-up sector to grow 4.6% annually to 2026: GlobalData
The Australian per capita expenditure on make-up reached $15.2 in 2021.
Why consumers are spending less on promotional events
The discount they get do not match their expectations.
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1. Watsons launches Singapore’s first pharmacy eConsultation 2. Shopee allocates $38.46m to SME programmes for 2026 3. Lazada launches tiered membership programme in six Southeast Asian markets 4. IKEA opens first New Zealand store at Sylvia Park 5. Olive Young Seongsu stores see 592% surge in foreign spendResource Center
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The Filipino snack brand transformed bacon into both a culinary canvas and a consumer favourite.
